Just 18% jump temperature.

What is most important is the AMOUNT OF BUYERS. There could be a mere 10 homes listed in the Villages. If there is only one buyer, the other nine will have to take their homes off the market. Or reduce the price of their homes hoping to attract more buyers. Currently, this is what is happening in the Villages. There is NOT ENOUGH BUYERS to purchase ALL of the homes on the market.

Rising inventory is caused by a LACK OF BUYERS. Plain and simple. A person who understands this concept can absolutely snag a home at a large discount.

What looks like a discounted price is actually the developer getting their initial price wrong for the marketplace. Drop the price and it will sell eventually.

I00% correct! If your only concern is buying a new home at a discount then WAIT. New builds have been sitting in Lake Denham and Dabney for a year. As the lack of buyers trend continues, the Developer will have to drop the price of homes near Eastport.

Of course, if you want a home that has the interest of several buyers, you will pay full price. The choice is yours. The sky is not falling! But, discounts throughout the Villages do exist and will most likely continue.

Remember when you looked at new homes and had a 2 hour window to yes or no. Then again there wasn’t 5 different villages being released, and drone flights giving you extensive knowledge that 3 more villages are coming in the mix.

2007 PVs and homes with kissing lanais didn’t sit long. Now view lots snapped up in 5 minutes of release, as does build lots ( except in Enclave interior lots only).

New buyers are becoming more attuned to what properties they want to live in, no longer is “We are done building” looming in the near future. Homes have and will always sit if the lots are less than desirable, or certain models.

Larger homes seem to be moving, along with many view lots, no matter, bond or tax. According to many on this site interest rates aren’t a problem since many buyers are mortgage free. Or if they are smart listening to their financial advisor take interest rate in stride.

I really never remember this many newly released villages at the same time. I could be wrong be usually you had one or two closing out, then one new village opened. Someone here longer I am sure has those stats.

Many are waiting for certain new villages to release, guessing they will sell with quickly with multiple names for each property. Just remember those who build, don’t close for months, so those Sold numbers are still in the wings. Like the close to hundred of lots on new golf courses

I think the buyers are out there, but buying mindset has changed. If I don’t see what checks my boxes, there will be another village open soon. Leaving spec houses that doesn’t fit sitting.

Those very spec homes are the slag that will drive all prices eventually into the ground.

Three errors to consider
The Dabney / Denham area
Continued construction
Failure to control information

There will be a huge kissing lanai inventory problem soon. Maybe there already is? The Premier section which was done a little late demonstrated it. The cream is taken, the rest is left as slag.

So Craig, which village did you decide to move to?

Kissing Lanai AND Double Car Garages
 

I've noticed that it's not only the kissing lanai locations that gut the new home inventory, but also homes without golf cart garages. Those are primarily the ones with price reductions...

(Please forgive if this was mentioned already, as I stopped reading posts after page 3 - :girlneener:)

Soon as Enclave was announced we were interested until……
First no longer a Premier neighborhood, no custom builds anymore, yes you can pick your cabinets, floors, fixtures and models, But those items are the same as any other spec, or designer.
Those fabulous kitchens, in premier houses and special enhancements are gone. Why do I want to build the same house I have, in Enclave for $300,000 more excluding the lot. Same average cabinets, fixtures, and floors. No pushing out interior walls, adding outlets just any ordinary house with ordinary interior. No thanks. Area wasn’t a big deal, it is a beautiful area, unlike any other neighborhood, but No custom, no sale.

What do you mean failure to control info. If it’s the knowledge of how much is coming, can’t really stop technology, that didn’t exist in 2007.

Hello Flyers,

Retiring somewhere around the end of the year so we have not purchased a home yet but we are all over it. If we had our choice we love Fernandina, Hillsborough, Gilchrist but we are looking at everything. Prices are still very high for upgraded pre-owned and we can get all we want in a new build for 200k less and improve it ourselves. Anyway, we will be buying whenever we want between now and the end of the year. Have a great day Brother.

Try finding a larger home with a pool for sale. The "starter" homes languish, but homes with larger lots and pools sell quickly. The Developer might be wise to build more high-end "dream" homes, rather than so many modest "starter" homes. If the most expensive homes sell out in five minutes and require a lottery to buy, you're not pricing them to match demand and you're building the wrong kind of home to match the market.

Or do something like build homes with 3-4 car garages on a hard to sell street.

Agree. The developer may have to rethink his plans. However, it is still early in the building of Eastport. Moultrie Creek and Shady Brook may not interest buyers because they are the farthest south. It will be interesting to watch what happens as each village is released.

All types of preowned homes are sitting including large luxury homes. A buyer has many to choose from because of the high inventory. This is not going change anytime soon.

Does this happen a lot down there?